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Jaipur-based Finova Capital (Finova), a Non-Banking Financial Company, has raised USD15 million from Faering Capital and existing investor Sequoia India. Finova will use the funds to expand its presence and enable access to credit for the unbanked population.
Finova Capital aims to serve the ‘missing middle’ of the MSME segment – small businesses and service providers in small towns and rural areas, who are looking for mid-ticket loans of INR 5-6 lakhs for a period of up to seven years. The loans are provided at customised terms and designed keeping the end customer in mind.
Currently operating out of
Macfarlanes has appointed Tim Plews as a consultant in the firm’s financial services regulation team, effective 1 May 2019.
Plews specialises in financial services markets law and regulation, financial institution mergers and acquisitions, the development of new financial products, governance of financial institutions and regulatory investigations and enforcement.
He was a partner in Clifford Chance for 23 years before becoming a senior advisor in 2017. During this time he had a number of roles including co-heading the global financial services practice and running the firm’s Middle Eastern financial services practice.
He will bring his wealth of experience to
Funds advised and managed by YFM Equity Partners (YFM), a specialist private equity fund manager have backed a significant investment into Frescobol Carioca Limited (Frescobol).
YFM’s investment comes from its two advised VCTs, British Smaller Companies VCT plc and British Smaller Companies VCT2 plc.
Founded in 2013 as the brainchild of friends Harry Brantly and Max Leese, Frescobol’s roots lie in their Brazilian heritage and travel experiences which are reflected in a range of luxury men’s swimming trunks and resort wear that references and brings to life the Rio beach lifestyle. Growth in recent years has been rapid, now
The results of a Guernsey Finance funds survey, carried out among asset managers and intermediaries at the SuperReturn International, show that more than half of managers would consider splitting global and EU distribution if it led to improved levels of service.
More than half of firms surveyed are considering reviewing their distribution and structuring of investment funds in the next 12 months and some three-quarters have reviewed their distribution arrangements in the previous two years.
Market access is a key priority. Managers are starting to recognise Guernsey’s credentials in global distribution – proven routes to market for institutional investors
Tosca Debt Capital (TDC) has appointed Stuart Thwaites as Investment Director as it strengthens its regional deal making and advisory team ahead of its next fundraising launch.
As Investment Director, Thwaites will leverage his extensive financial due diligence experience throughout TDC’s growing deal opportunities pipeline to convert new transactions, as well as working together with portfolio companies to execute strategic growth plans that drive wealth for shareholders and investors. He will also support Fund reporting to current and prospective investors.
Prior to TDC, Stuart spent more than 20 years with EY, most recently as a senior due diligence professional
Maven Capital Partners (Maven) has held the final close of the Maven UK Regional Buyout Fund with total commitments (including from co-investment vehicles) of GBP100 million from a diverse range of investors, including Scottish Enterprise, family offices, high net-worth syndicates, pension funds, fund of funds and asset managers.
The Fund targets attractive management buy-out (MBO) opportunities in companies across the UK with an enterprise value of GBP10 million to GBP40 million, aiming to invest between GBP5 million and GBP15 million in each transaction.
The fund has already deployed close to GBP30 million in three transactions, supporting the MBOs of John
BlackRock is to acquire 100 per cent of the equity interests in eFront, an end-to-end alternative investment management software and solutions provider, from private equity firm Bridgepoint and eFront employees, for USD1.3 billion in cash.
The combination of eFront with Aladdin, BlackRock’s investment operating platform used by more than 225 institutions around the world, will set a new standard in investment and risk management technology.
eFront, which serves more than 700 clients in 48 countries, is a comprehensive technology solution for managing the alternatives investment lifecycle, from due diligence and portfolio planning to performance and risk analysis, across a
Onex Corporation (Onex) is to acquire Gluskin Sheff + Associates (Gluskin Sheff) (TSX: GS) for CAD14.25 per share which represents a 28 per cent premium to Gluskin Sheff’s closing share price on 22 March, 2019, and a 37 per cent premium to the 60-day volume weighted average price (VWAP).
The total cash consideration for 100 per cent of Gluskin Sheff’s equity is approximately CAD445 million.
This combination will bring together two of Canada’s most entrepreneurial and successful investment firms and broaden the product suite available to Gluskin Sheff’s clients. Gluskin Sheff will continue to be led by its existing leadership team and
Fiera Capital Corporation (Fiera Capital) is expanding the offering on its Private Alternative Investments platform with the acquisition of Integrated Asset Management Corp (IAM).
IAM’s private debt investment is being incorporated within Fiera Private Lending and the industrial real estate team joining Fiera Properties. The transaction received the unanimous support of the board of directors of both companies, and IAM shareholders holding 62 per cent of issued and outstanding IAM Shares have entered into voting and support agreements in favour of the Transaction, which is expected to close in the second quarter of 2019.
“This acquisition further strengthens and diversifies Fiera Capital’s
London-based venture capitalist firm, Luminous Ventures, has appointed John Spindler as a Venture Partner.
The highly regarded entrepreneur, investor and venture capitalist has a distinguished career spanning more than 15 years.
As CEO of Capital Enterprise, and Founder/General Partner of AI Seed and London Co-Investment Fund, which is supported by the London Mayor, John has been a key player in establishing a culture of innovation and investment in the UK’s fast-growing tech scene.
He is also a director of Conception X, an accelerator programme for PHDs backed by Barclays. In a private capacity, John’s angel investments include UXCam,
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